The shape of the firms marginal revenue curve depends ultimately on whether the firm is

Q: Why is marginal revenue for a firm in perfect competition equal to the market price?

A: The increase in revenue that comes from selling one more unit of output is known as marginal revenue…

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Q: discuss why a firm in perfect competition will not charge a price above or below the market price.

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Q: If a firm is producing at a quantity in which the marginal cost exceeds marginal revenue, the firm…

A: A firm will maximize profit where marginal revenue is equal to marginal cost.

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Q: Macmillan Learning The diagram depicts the cost curves and the marginal revenue curve of a…

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Q: D) What will happen to the industry in the (new) long run? Please Illustrate your answer and explain…

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A: Marginal profit is given as :- Marginal profit = Marginal revenue - Marginal cost It's given that…

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Q: Demand MR=MC MR 82 104 Quantity a. Calculate the monopolist's profit-maximizing total revenue h How…

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Q: Show a firm that is earning zero economic profits, but has some market power.

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Q: Suppose demand is Q = 10000 - 1000P and marginal cost is constant at MC=6. From the given demand…

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A: A firm maximizes profit at MR = MC.  Where MR is marginal revenue. MC is marginal cost.

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Q: If a firm is producing at a quantity in which the marginal cost exceeds marginal revenue, the firm…

A: A firm will maximise profit where marginal revenue is equal to marginal cost.

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A: Option.3 - the Vertical Distance between AVC and ATC